SP500: move down the low position

The S&P 500 index closed down 15.82 points, or 0.39%, at 4055.81 points on April 26 (Wednesday). Driven by the surge in commercial aircraft orders, US durable goods orders jumped 3.2% from the initial value in March, far exceeding expectations 0.7%. However, U.S. orders for non-defense capital durable goods excluding aircraft fell 0.4% from the initial value in March, the second consecutive month of decline and a larger-than-expected decline, suggesting that higher borrowing costs and an uncertain economic outlook are dampening capital investment.

S&P SP500 - 4-hour K-line chart shows:

Looking at the 4-hour chart: the short-term momentum has moved down at a low level, and the short-term decline may continue. The market as a whole is in a bearish sentiment trend, the MACD indicator is in the bearish zone and the RSI indicator is in the bearish zone.

Resistance: 4097 4105

Support levels: 4077 4069

Trading strategy: bearish below 4089, target 4077 4069

Alternative strategy: call above 4089, target 4097 4105